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Simple English definitions for legal terms

undivided interest

Read a random definition: mortgage-guarantee insurance

A quick definition of undivided interest:

An undivided interest means that two or more people own a property together and share it equally. This means that no one person has more rights to any specific part of the property than the others. For example, if four people own 10 acres of land together, each person has a 25% share of the entire 10 acres.

A more thorough explanation:

An undivided interest refers to a situation where two or more people own a property together under the same title. This means that each owner has an equal right to the entire property, and no one owner has exclusive rights to any specific part of the property.

For example, if four people own a 10-acre piece of land under an undivided interest, each owner would have a 25% undivided interest in the entire 10 acres. This means that each owner has an equal right to use the entire 10 acres, and no one owner can claim exclusive use of any part of the land.

Undivided interest is commonly used in real estate, where multiple owners may jointly own a property. It is important to understand the concept of undivided interest when buying or selling property with multiple owners, as it affects the rights and responsibilities of each owner.

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HopefullyInLawSchool
16:06
it means you will not be rejected today and may be accepted or WL in the future
Just got my Michigan rejection
BookwormBroker
16:10
same
RoaldDahl
16:10
@HopefullyInLawSchool: what if i already got rejected. does it mean anything
HopefullyInLawSchool
16:12
@RoaldDahl: Likely not however it could mean nothing
RoaldDahl
16:15
So if it means nothing does that mean something?
HopefullyInLawSchool
16:17
Possibly
RoaldDahl
16:26
Cool
RoaldDahl
16:26
thank you!!!! i hope it means something
pinkandblue
16:31
fart
IrishDinosaur
16:36
Mich R gang lesgooo
Did anyone else get that random get to know nova email?
HopefullyInLawSchool
17:21
Ya it was sent to all YM applicants
starfishies
17:37
Anyone get the NDLS email inviting you to apply for something even though they haven’t made a decision on your app yet
17:38
Better yet I got the email and I was rejected last month
starfishies
17:38
Wtf
starfishies
17:39
and the deadline is in like a week what is this
any cardozo movement?
BatmanBeyond
18:01
Sent a LOCI via portal, but I'm wondering if email would have gotten me a swifter response
BatmanBeyond
18:02
This whole hold/wait-list/reserve system is a headache
loci already?
BatmanBeyond
18:09
If the odds are like 1-2% I don't think it matters much by the numbers
12:11
I got the same NDLS email
OrangeThing
12:18
I think the user profiles are broken
19:29
Any word out of Notre Dame?
19:29
Only the invitation to apply for LSE
19:29
Anyone received a decision from NDLS?
19:50
when did u guys apply that just heard from umich? they havent even glanced at my app yet
0:30
how am i supposed to spy on people when profile links are broken?
Right. Broken links smh
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